© 2021
Major tech stocks including AAPL, MSFT, NVDA sold off after ADBE
lowered, before the open, its Q1 revenue and EPS guidance below current
consensus. The SPX closed at 4,668 -41.18, and the NDX closed at 15,863, -425.65.
SPX changes:
Dec 14 EPAM replaced KSU
Dec 20 SBNY, SEDG, FDS will replace LEG, HBI, WU
NDX changes:
Dec 20 ABNB, FTNT, PANW, ZS, DDOG, LCID will replace CDW,
CERN, CHKP, FOXA, FOX, INCY, TCOM
SPY down 4.15 at 466.45, on 116.5 million shares, above average volume, down on similar volume.
VIX up 1.28 at 20.57
QQQ down 10.21, -2.57% at 386.84
VZ, TRV, IBM, GS led the DJIA, 19 advancers, -4
NEM, T, CAN, NUE led the SPX, 263 advancers.
PTON, KHC, CHTR, CTSH led the NDX, 31 advancers.
The two-year trend term is up. The one-year trend is up.
Up:
Down: DIA, SPY, IWM, QQQ,
Eight
of eleven
sectors were higher on Thursday, led by XLF,
XLB and XLP.
Financial leaders: SCHW, WFC, BK, BAC
Basic Materials leaders: NEM, NUE, WRK, FCX
Consumer Staples leaders: K,
KHC, SJM, MO
Advancers weakened on Thursday as decliners led 1,810 to 1,554
on the NYSE and led 3,084 to 1,568
on the NASDAQ.
The SPY MFC green line
turned up at 75.6 and is bullish. SPY is a horizontal breakout setup.
Uptrend sectors: XLP, XLV, XLRE, XLU, XLK, XLB, XLY, XLE,
XLI, XLF,
Neutral sectors:
Down trend sectors: XLC,
The 6-month intermediate trend is up. The
ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
31 of 100 NDX stocks
closed higher on Thursday.
43 NDX stocks are above their 30
DMA: DLTR, VRSK, AVGO, AAPL, COST, QCOM, LRCX, MCHP,
MU, GILD, VRTX, CSCO, FAST, ORLY, XEL, CSX, MRVL, PEP, AEP, AMGN, CTAS,
CTSH, FISV, SBUX, WBA, CERN, MNST, EXC, MDLZ, FB, INCY, ILMN, TMUS, ANSS, INTC,
KDP, MRNA, PAYX, SIRI, SNPS, VRSN, CHKP, KHC,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
CHKP, KHC,
Moving Below 30 DMA = 11
ADP, AMAT,
CDNS, CDW, GOOGL, NXPI, PCAR, REGN, SWKS, TXN, XLNX,
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1 comment:
Thank you, Dave. Much appreciated. It was a tough day to trade with XLK and XLY being so down and 40% of the S&P.
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